I notice that this pair of currency where it is very bearish in nature as the charts pattern form a descending triangle retest the downtrend line black in color for more shorts positions.
All time high is of 35.17 on year 2009 March 2, year 2016 January 28 recent high is register at 33.69 and price had seen a spiral downtrending since.
Base on Technical Analysis, price is projected to reach 25 price level the depth of the descending triangle.
Someone told me Taiwanese prefer to trade US markets. Taiwanese can also consider to travel to USA for their holiday destinations.
USDTWD Monthly Chart without Technical Analysis
USDTWD Historical Chart
USDTWD Historical Chart with Technical Analysis
Disclaimer: All news, information and charts shared is purely by my research and personal views only. This is not a trading recommendation or advice but on the basis of sharing information and educating the investment community. Different traders and investors adopt different trading strategies and risk management approach hence if in doubt please approach or seek clarifications with your Financial Adviser, Broker and Banker.
